Tuesday, June 28, 2022
World$5.40 Per Liter Petrol Selling in Sri Lanka Unprecedented Increase of Fuel...

$5.40 Per Liter Petrol Selling in Sri Lanka Unprecedented Increase of Fuel Costs

Petrol and diesel prices have been hiked for the second time in Sri Lanka since April 19.

Colombo: Sri Lanka is facing a major economic impact after the corona epidemic. Foreign exchange inflows to Sri Lanka were severely affected. Sri Lankan money has been greatly devalued. Thus there is a severe fuel shortage.

Petrol and diesel prices have risen sharply. And there is a shortage again. India supplied 40,000 tonnes of diesel to Sri Lanka in dire straits.

It subsequently distributed 1,20,000 tonnes of diesel and 40,000 tonnes of petrol. The ship is waiting at the port as Sri Lanka does not have the money to pay the old balance.

In this situation, petrol and diesel prices in Sri Lanka today have risen to an all-time high.

Read Also | India will borrow 1 Lakh Crore to cover Revenue loss from excise duty cut on Petrol, Diesel

Petrol price was raised by 24.3 per cent. Thus a liter of petrol sold for Rs.420.

Similarly, diesel prices increased by 38.4 per cent. A liter of diesel costs Rs 400.

Petrol and diesel prices have risen sharply for the second time since April 19 last month.

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